MEXICO CITY (Reuters) – Mexican telecom Telmex, a subsidiary of America Movil, has reached a deal with a workers’ union that proposes a 5.6% pay rise, the country’s labor ministry said on Monday, after extended negotiations. The pay hike would apply to workers and retirees earning less than 1,185.06 Mexican pesos ($67.90) a day, the…
By Dave Graham MEXICO CITY (Reuters) -Mexico’s ruling party comfortably captured a major historic stronghold of the opposition in an election on Sunday, consolidating President Andres Manuel Lopez Obrador’s hold on power ahead of the battle to succeed him next year. Lopez Obrador’s leftist National Regeneration Movement (MORENA) won the State of Mexico gubernatorial contest…
MEXICO CITY (Reuters) – Mexico on Monday pitched a series of tax incentives aimed at luring companies into investing in a business corridor that President Andres Manuel Lopez Obrador is developing in a southern isthmus in hopes of competing with the Panama Canal. The finance ministry said companies that invest in the so-called Inter-Oceanic Corridor…
LIMA (Reuters) -A convicted killer imprisoned in Peru will be extradited within days to the U.S., where he faces extortion and fraud charges related to the disappearance and murder of an Alabama teenager nearly two decades ago, Interpol’s local head said on Monday. The extradition is the latest twist in the mystery surrounding the fate…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will partially reintroduce a federal diesel tax this year to pay for leftist President Luiz Inacio Lula da Silva’s plan to bring down the cost of vehicles, Finance Minister Fernando Haddad said on Friday. The plan offers tax credits to manufacturers who lower auto prices. Last year,…
By Alexandra Valencia QUITO (Reuters) – A judge in Ecuador on Monday loosened reporting conditions for ex-president Lenin Moreno, who is being investigated on bribery charges over a contract for a Chinese-built hydroelectric plant. Moreno, who denies the accusations, had been ordered to present himself in person every two weeks to the national justice court,…
SAO PAULO (Reuters) – Brazil’s securities regulator has accused two former CEOs of retailer Americanas of failing to comply with information disclosure requirements following an investigation into the firm’s accounting inconsistencies, the agency said. According to a document from securities regulator CVM made public on Monday, the two ex-CEOs, Sergio Rial and Joao Guerra, also…
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Monday that long-term inflation expectations, which have long concerned policymakers, would start to decline and pointed to a clearer economic environment. “We still have a problem with long-term inflation expectations, which are high. We understand that they should start to fall too,” Campos…
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s lower house on Monday said it would freeze debates on government-backed social reforms, as former high-ranking officials in President Gustavo Petro’s administration were called to give evidence over alleged campaign financing irregularities. The government of leftist Petro, who took office last year, has sent proposed labor, pension and…
BRASILIA (Reuters) – Changes to the Brazilian inflation targeting system should not be linked to how monetary policy is carried out, the central bank’s director of economic policy said on Monday, amid speculation of an imminent change in inflation goal timelines. Brazil has annual inflation targets, and if they are not met within a given…
